Karachi: Image Pakistan Limited released its financial results for the first quarter ending September 30, 2025, showcasing a revenue increase amidst rising costs and a subsequent decline in profits. The company’s Board of Directors convened on October 29, 2025, in Karachi, to finalize and approve the financials, which will be disseminated through PUCARS.
For the first quarter of 2025, Image Pakistan Limited reported a revenue of 1.01 billion rupees, marking a notable increase from the 951.16 million rupees recorded in the same period of the previous year. Despite the growth in revenue, the cost of sales also rose significantly, amounting to 507.86 million rupees compared to 432.97 million rupees in 2024. This increase resulted in a gross profit of 505.06 million rupees, slightly down from the 518.19 million rupees reported the previous year.
Operating profit for the quarter was reported at 302.78 million rupees, a slight decrease from the 304.88 million rupees in 2024. This decline occurred despite a moderate move in distribution and selling expenses, which decreased to 137.44 million rupees from 140.95 million rupees, and administrative expenses, which decreased to 65.33 million rupees from 74.28 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), the company’s finance cost surged to 49.98 million rupees from 18.03 million rupees, contributing to a profit before taxation of 252.80 million rupees, down from 286.85 million rupees in the same quarter last year. The profit after taxation also saw a decrease, with the final figure standing at 242.32 million rupees, compared to 273.97 million rupees in 2024.
The earnings per share for the quarter were reported at 1.05 rupees, compared to 1.19 rupees in the previous year. The company’s balance sheet remained robust, with total equity increasing to 4.52 billion rupees from 4.28 billion rupees at the end of June 2025. However, the company did not declare any cash dividends, bonuses, rights, or other entitlements for the quarter.
Net cash generated from operating activities saw a substantial rise, reaching 343.28 million rupees from a negative 8.88 million rupees in the first quarter of 2024. This improvement was primarily driven by favorable working capital changes, including a reduction in trade debtors and an increase in trade and other payables. Despite this operational cash flow enhancement, net cash used in investing activities totaled 14.18 million rupees, reflecting continued investment in property, plant, and equipment.
In financing activities, the company reported a net cash outflow of 86.41 million rupees, influenced by dividend payments and repayments of long-term finance facilities. As a result, the overall cash and cash equivalents at the end of the quarter stood at 339.76 million rupees, up significantly from 69.02 million rupees in the corresponding period of the previous year.
As Image Pakistan Limited navigates the challenges of rising costs, the company remains focused on optimizing its operational efficiencies and capitalizing on revenue growth opportunities in the coming quarters.